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1516 S Mansfield Ave 4 Unit Apartment Building $1,495,000 ($373,750/Unit) Los Angeles, CA 90019
EXECUTIVE SUMMARY
All 1 bed and 1 bath , 4 unit, centrally located in Mid City Los Angeles, near K Town, West Adams, Miracle Mile, Pico Robertson and a short drive to USC. All units are separately metered and has a 5th rental income, the garage is currently leased out to "Leos Tacos" parked adjacent to this building in the Sinclair Gas Station, Leos Tacos is a very successful taco truck that uses the garage to store supplies at $1,050 monthly bonus income. All the tenants are month to month with plenty of room to increase the rents as they are vacated. The location is fantastic for public transportation and less than 1 mile distance from the 10 freeway. This 4 unit is in great shape, separately metered and with plenty of gorgeous palm trees.
PROPERTY FACTS
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $373,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1947/2010 |
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price | $1,495,000 |
| Price Per Unit | $373,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2010 |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5070-019-017 | Improvements Assessment | $192,170 |
| Land Assessment | $384,346 | Total Assessment | $576,516 |
PROPERTY TAXES
Parcel Number
5070-019-017
Land Assessment
$384,346
Improvements Assessment
$192,170
Total Assessment
$576,516
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1516 S Mansfield Ave
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